Palo Alto, CA Market Update for December 2007

Here are the latest real estate market statistics for Palo Alto, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 27.3%*

Average	November 2007	December 2007	% Change
Asking Price	$1,382,315	$1,543,396	11.7%
Sales Price	$1,437,538	$1,609,004	11.9%
% of Asking Price	104%	104%	0.0%
$/SQFT	$797	$843	5.8%
Days on Market	31	33	6.5%
Total Transactions	39	20	-48.7%

Search for homes in Palo Alto, CA and read a neighborhood overview of the Palo Alto, CA area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 1/17/2008: 44 properties on the market with 12 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.